Oasis Realty, Ottawa Real Estate

We are on the cusp of the busiest few weeks in Ottawa real estate as March draws to a close.  With the new Federal budget year starting April 1st, comes the beginning of prime government “moving season” which sees a large number of military and RCMP personnel relocations happening between April and August.  Up to 1,000 ...

As we reach the halfway mark in a hotly contested (and for us, lengthy) campaign, we were wondering what the election outcome might mean for our local real estate market.  Though few can have an accurate crystal ball on this issue, we did a little history checking and offer some thoughts on the matter:   Price growth ...

Who is most to blame for abysmal listings to sales ratio? We were reviewing year-end numbers for 2014 and discovered some disappointing stats on listing to sales performance across the board during the year.  Success rate only 48.1% for new listings during initial listing period! Ottawa Real Estate Board statistics show that there ...

While the credo of professional real estate would suggest “there is never a bad time to list a house/property”, there are certainly a number of issues to be considered in marketing a property in the Ottawa winter. This is particularly true in 2014/15’s more challenging market environment.  Here are a few items to ...

Sales: While the number of sales transactions in March decreased only 2.9% in March compared to last year, the comparison with the 5 year average paints a much more challenging picture.  Residential transactions during the month were 11.3% lower than the 5 year average (2009-2013) and condo sales transactions were -18.1% ...

Sales down, prices flat but listing inventory is the story in March 2013 A wintry March did nothing to thaw the slowdown in residential real estate results.  The number of sales transactions was down and prices flat but the key indicator to watch is listing inventory, as it continues to grow.  Ottawa results are similar to those ...

Here is a summary of average selling prices by housing type based on results for 2013 up until the end of February 2013.  These are only averages of course and will vary by area, age of house, house features etc. Our current residential real estate market has been slowing but Ottawa is still one of the most stable markets in the ...